Seven Lakes Technologies, a Westlake Village, CA-based developer of innovative enterprise software and solutions for the Oil & Gas Exploration & Production sector, completed a $20m Series A round of financing.
Carrick Capital Partners, an investment firm focused on technology-enabled services businesses including SaaS, Software, BPO and Transaction Processing, made the investment. In conjunction with the funding, Jim Madden and Steve Unterberger, Carrick Capital Partners Managing Director of Operations, will join Seven Lakes Technologies’ Board of Directors.
The company intends to use the funds to accelerate growth, and drive further innovation.
Founded in 2009 and led by Shiva Rajagopalan, CEO, Seven Lakes Technologies provides plug-and-play software that allows Oil & Gas companies to optimize operations through Analytics and Business Process Management products, integrating data from disparate legacy systems. The company’s products leverage innovations in Cloud Technologies, Big Data Analytics, and Enterprise Mobility for business applications such as – Drilling & Rig Scheduling, iPad-based Field Data Capture, Well Lifecycle Process and Master Data Management.
Seven Lakes also has offices in Houston, TX and Bangalore, India.